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11) Financial advisors say that the maximum amount of a person's house payment (monthly) should be no more than 25% of their monthly salary. If

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11) Financial advisors say that the maximum amount of a person's house payment (monthly) should be no more than 25% of their monthly salary. If a couple has a total salary of $44,000 per YEAR (divide by 12 to find their monthly salary): Determine their maximum monthly house payment allowable; and Based on the payment found above, and using an interest rate of 5%, determine the maximum loan amount they qualify for both a (a) 30-year and (b) 15-year mortgage

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